SteelOrbis has learned from market sources that in the Indonesian market steel
billet import offers are standing at about $570-575/mt CFR, with the latest steel
billet cargo transaction from China to
Indonesia concluded for 5,000 mt at $575/mt CFR.
SteelOrbis has heard from market sources that Indonesian rebar and section producer PT. Krakatau Wajatama failed to receive many offers in its steel
billet purchase tender opened last week. The company was heard to be negotiating with an Ukrainian producer for 20,000 mt of steel
billet for prompt shipment at $575/mt CFR.